Downsizing (property)
Downsizing refers to when a buyer purchases a property which is smaller in size or lower in value than their current home
Reasons to downsize[edit]
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There are multiple reasons why a buyer may want to downsize, such as having less inhabitants in the home, a higher cost in bills or wanting a change of location
Difficulties with downsizing[edit]
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Many people downsizing from a larger property to a smaller one will find their current possessions, appliances and furnishings will be unable to fit in the new smaller home.[1] Some people will find it especially difficult to accept the need to dispose of possessions, and this will cause some considerable anxiety.[2] Following a disposal methodology can be a useful approach if the task seems impossible: One approach is to determine what furniture, displayed items and commonly used items are suitable for and will fit in the new home: remaining belongings will need to be sorted into what is to be kept and what is to be disposed of.[3]
Disposal strategies[edit]
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After the basic fundamental items that will move to the new home have been determined, there will remain a set whose fate will need to be decided.[4]
See also[edit]
References[edit]
Footnotes[edit]
- ↑ Ward 2010, pp. xiv–xv.
- ↑ Ward 2010, p. xv.
- ↑ Jameson 2015, pp. 12–13, 15.
- ↑ Jameson 2015, pp. 36–37.
Sources[edit]
- Reader's Digest (2021). "10 reasons to downsize your house". Retrieved 25 October 2021.
- Jameson, Marni (2015). Downsizing the Family Home : What to Save, What to Let Go (1 ed.). New York: Sterling. ISBN 9781454916338. OCLC 935530916. OL 27207070M. Search this book on
- Post Office (2021). "A Guide to Downsizing your property". Retrieved 25 October 2021.
- Ward, Lauri (5 October 2010). Downsizing Your Home with Style : living well in a smaller space. New York: Harper Collins. ISBN 9780061170980. OCLC 191930906. OL 18003551M. Search this book on
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